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GB-Sheffield: Review of transaction documentation AAI

BIP SOLUTIONS LIMITED

This public procurement record has 1 release in its history.

Award

03 Aug 2026 at 08:26

Award Notice
Summary of the contracting process

BIP SOLUTIONS LIMITED, acting for the British Business Bank group, procured legal services to review transaction documentation for an equity investment. The work concerned legal review and support for finance and high-risk or innovation investment activity, using the Government Commercial Agency RM6360 Legal Panel, Government Lot 3. The buying organisation is a development bank wholly owned by the UK Government; its group includes British Business Bank plc and subsidiaries. Delivery was in Yorkshire and the Humber, with the buyer based in Sheffield. This is a specialist professional-services requirement rather than a supply, construction or general administrative contract. It would be relevant to law firms with experience in investment transactions, equity documentation and public-sector or government-backed finance work.

The procurement has been awarded and is complete. Ashurst Perkins Cole was selected as the supplier on 22 June 2026 for £32,000. The contract runs from 23 June 2026 to 31 August 2026. It used the Government Commercial Agency RM6360 Legal Panel, Lot 3, covering finance and high-risk or innovation work. The procurement method was recorded as “Other - Not Disclosed”. The tender deadline was 22 June 2026. The requirement was treated as a services procurement, and the published award identifies one active supplier. The contract value and awarded value are both £32,000, in sterling. The award was published on 3 August 2026, after the award decision and contract start.

This award provides a clear indication of demand for specialist legal advice supporting equity investment transactions by a government-backed development bank. A credible future competitor would need a strong corporate finance and investment practice, with the ability to review and negotiate transaction documentation for equity investments and to advise on finance, high-risk and innovation matters. Experience of public-sector clients, regulated environments, government-backed funding or development-bank activity would help demonstrate fit. Suppliers would also need to operate through the relevant Government Commercial Agency legal-panel route, or understand how comparable panel appointments support this type of work. The awarded supplier is classified as large, so firms considering similar work should assess whether they have sufficient specialist capacity, senior legal expertise and transaction delivery resources.

How relevant is this notice?

Notice Information

Notice Title

GB-Sheffield: Review of transaction documentation AAI

Notice Description

Review of transaction documentation for equity investment. BBFSL utilised the Government Commercial Agency (GCA) RM6360 Legal Panel for Government Lot 3 Finance and High Risk / Innovation Additional information: British Business Bank Plc, registered in England and Wales, registration number 08616013, registered office Steel City House, West Street, Sheffield, S1 2GQ, a development bank wholly owned by the HM Government. It and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at www.british-business-bank.co.uk.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8b13420b-772f-4cbc-9ed6-b7a9f7fcb850
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7a3ff1a4-6523-4a22-926a-49266e921f30
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Not Disclosed
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79100000 - Legal services

Notice Value(s)

Tender Value
£32,000 Under £100K
Lots Value
Not specified
Awards Value
£32,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Aug 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
22 Jun 20263 months ago
Contract Period
23 Jun 2026 - 31 Aug 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BIP SOLUTIONS LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Postcode Area
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

Ashurst Perkins Cole

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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